Apartment house in city Dresden
500.00 sq.m.

€ 160 000

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MFH-ZV-8642

Offers an apartment well maintained apartment house near Dresden


Urgent forced sale!



property Description:


the Proposed facility, built in 1960 is a 25-minute drive from the centre of Dresden.


In the vicinity of the house you can find a school, kindergarten, branches of several major German retail chains and other vital infrastructure.


Object is on a private land plot 1.116 m2, which is already included in the stated price.



Apartment building consists of four apartments and is divided into:


the

      two bedroom apartment on the ground floor area every  approx. 70 m2

      two four the apartment on the second floor area every approx. 70 m2


Flooring: laminate, tiles. The Windows are plastic double-glazed Windows.


Available services of water, Sewerage, electricity, Internet and telephone.


In 1993 the house was installed a new heating system, an overhaul of bathrooms and wiring.


In 2004, it was made to replace the roof, façade, including insulation, replacing all Windows, partial upgrade of balcony systems, mainly updating door design, repaired staircase.


the New owner can dispose of property at its sole discretion - to live in it, manage the property yourself, rent it or find a responsible Trustee.


In the house there are spacious basement for technical needs and for storage of tenants.


site is some major garage approx. 18 m2,  built in 2007.


adjacent to the house land plot there is enough space to relax and BBQ, gardening or of creating an individual landscape.


Also, there is ample Parking space for cars.



According to the seller, at the moment all apartments are delivered in long-term lease and bring about 16.200 Euro per year.


based On the average cost of renting in the area, with proper management when fully rented, this property can bring more than 25,000 Euro annual income.



currently, the property is situated  in the external competitive management and will be sold directly by the Bank through court a new investor.


It's offered by the Bank on the residual value will be transferred to the new owner absolutely without any debts.


According to specialists of our company, during a court auction price may be further reduced by 10-15%, which further increases the investment attractiveness of the object.


Our company is ready to render all necessary services on negotiations with the court and with the seller-owner, competent legal registration and after sales management of the property.


including on registration of a possible residence permit.



the Distance to Dresden: 48 km (25 min by car)


the Distance to Leipzig: 78 km (45 minutes by car)


the Distance to Berlin: 190 km (1 hour 40 minutes by car)



Description area:


Dresden - the capital of the Federal state of Saxony 20 km from the Czech Republic on the Elbe river.


Is one of the largest centers of industry, transport and culture of Germany.


the Population is over 500,000 people.


Dresden is famous for its architectural monuments in the Baroque style, magnificent collections of paintings (for example, "the Sistine Madonna" in the Dresden gallery) and other works of art. He is truly a Mecca for cultural aesthetes.


the region's Economy is based on the work of the port and production of high-tech goods such as: specialized optical and medical equipment, trade, computers, musical instruments, machinery and tools. In the nearby Freital, the "porcelain manufactory Dresden" since 1872, is famous Dresden porcelain. One of the most famous enterprises of the city is one of the few in Europe, factories manufacturing the most modern processors (concern AMD group Infineon).


Also here is a power Volkswagen custom Assembly, especially expensive cars (ofVW Phaeton) in the presence of the customer.


Dresden is one of the most visited cities in Germany.


Good transport links with other cities in Germany and Europe is ensured thanks to the motorways A4 and A17 in the immediate vicinity of the city.

Seller information

Seller type Agency
Company Stimul Consulting

Location of the property on the map

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